Legendary fund manager has surprising take on big Tesla stock drop

Electric vehicle sales in South America are experiencing significant growth, marking a notable trend in the automotive market of the region. This surge occurs despite the absence of Tesla, a major player in the global electric vehicle industry. The increasing demand for electric vehicles in South America reflects a shift in consumer preferences towards more sustainable transportation options, indicating a potential transformation in the automotive landscape of the region.

Jared Isaacman, a close ally of Elon Musk, has been appointed as NASA chief. He is notable for being the first non-professional astronaut to walk in space. His leadership role at NASA marks a significant development in the agency's direction and priorities.

Peter Thiel has completely divested his stake in Nvidia and significantly reduced his holdings in Tesla, citing concerns over a potential market bubble. This move comes amid increasing fears of inflated valuations in the tech sector. Thiel's actions reflect a cautious approach to investing in a volatile market environment.

The Trump administration has taken steps to limit the influence of proxy advisory firms, such as ISS and Glass Lewis, a move that has been supported by prominent figures like Jamie Dimon and Elon Musk. For years, the credibility of these firms has been under scrutiny, raising concerns about their impact on corporate governance and investor decision-making.